Online auctions:
A) are the major source of consumer complaints about online fraud.
B) involve approximately $1 million worth of goods annually.
C) allow people to bid on their own goods.
D) allow owners of goods to cross-bid with a group of other sellers.

Question

Quizplus · Accepted Answer

According to various reports, online auctions are a major source of consumer complaints about online fraud. This indicates that there are significant instances of fraudulent behavior in online auctions. Option B is incorrect because $1 million worth of goods is a very low estimate and does not reflect the actual worth of goods sold annually through online auctions. Options C and D are incorrect because bidding on one's goods or cross-bidding with a group of sellers is considered unethical and not allowed on reputable online auction platforms.

Online Auctions